The North Salem State Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the A grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
90th1.9% deniedProcesswithdrawn + incomplete share, weight 15%
93rd0.9%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 143 | 125 | 4.2% | 4.2% | — | $35M |
| 2024 | 173 | 161 | 1.7% | 1.7% | — | $38M |
| 2025 | 213 | 200 | 1.9% | 1.9% | — | $48M |
What The North Salem State Bank lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 17 manufactured homes, 78 investment properties.
Who gets approved at The North Salem State Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 23 | 22 | 4.4% |
| $50k – $100k | 50 | 45 | 4.1% |
| $100k – $150k | 30 | 26 | 3.3% |
| $150k – $250k | 30 | 29 | 0.0% |
| Over $250k | 33 | 31 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 22 | 19 | 5.0% |
| 35–44 | 48 | 46 | 2.1% |
| 45–54 | 43 | 39 | 2.3% |
| 55–64 | 23 | 21 | 4.4% |
Where The North Salem State Bank lends
4 states and 23 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Indiana | 209 | 196 | 1.9% | — | #196 |
Frequently asked questions
The North Salem State Bank denied 1.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 90th percentile of small mortgage lenders.
In 2025, 59% of its applications were for home purchases, 28% for refinancing (including cash-out), and 14% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.